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Setting up a business in Nepal

Setting Up Business in Nepal

Step 1: Obtain approvals
Obtain necessary approvals from the relevant ministries/departments/bodies for permit/license to conduct business.
Some of the relevant departments are:
Department of Industry
Department of Electricity Development
Nepal Rastra Bank
Department of Agriculture
Department of Roads

Step 2: Register a company
Investors will need to register an appropriate form of company in the company registrar's office.
Please refer to the following site for details on the registration process:
http://www.cro.gov.np/

Step 3: Register with the tax office
Following company registration, investors will need to obtain PAN and VAT, if applicable, registration numbers from the Inland Revenue department
Details for registration can be obtained from the following
http://www.ird.gov.np

Step 4: Open a bank account
Foreign investors will need to open a foreign currency account at Nepal Rastra Bank , the central bank of Nepal.
Link: http://www.investmentboard.gov.np/page/doing_business_in_nepal/setting-up-business.html

[Source: Nepal Investment Board]